TIDMSID 
 
RNS Number : 9964Z 
Silverdell PLC 
01 October 2009 
 

 
 
Silverdell plc 
("Silverdell" or the "Group") 
 
 
Trading Update for the financial year ended 30 September 2009 
 
 
 
 
Silverdell, a leading UK supplier of asbestos remediation and environmental 
consultancy services, will announce results for the year ended 30 September 2009 
on 1 December 2009* and, ahead of entering the Close Period, is today providing 
the following update. 
 
 
The Board expects to report revenues and full-year EBITDA** in line with 
management's expectations.The Board also expects to report that gross margins 
continued to improve during the second half of the financial year. 
 
 
The Group secured a number of significant contract wins in the second half of 
the year, including a Central London landmark hotel contract worth circa 
GBP1.3m; a three-year GBP10m extension to an existing power station contract in 
Scotland; and a contract with the NHS in the North West expected to be worth 
more than GBP1m. 
 
 
The management team has continued to focus on reducing group overhead and 
administrative costs, primarily through the reduction of headcount and through 
successfully exploiting a range of synergies across the operating businesses. 
 
 
Cash management remained a top priority, with cash generated from operating 
activities running ahead of EBITDA**. With the successful share placing in April 
2009, the Board expects to report that net debt at the year end was below 
GBP6.5m (2008: GBP14.4m). 
 
 
Strategically, the management team is looking to develop the Group's existing 
branch network capacity, whilst at the same time seeking to build or acquire new 
capabilities that complement its already strong position in both environmental 
regulatory compliance and hazardous waste removal and remediation. 
 
 
The Group operates in a highly competitive environment. However, the Board is 
confident that the Group's market leading position will enable it to continue to 
win new business at attractive margins. 
 
 
Stuart Doughty, Executive Chairman, commented: 
 
 
"The Group is performing well, buoyed by the successful share placing earlier 
this year. New business enquiries continue to exceed our expectations and the 
new management team is confident that the improved control environment will 
deliver enhanced margins and superior cashflows." 
 
 
 
 
* A presentation for analysts will be held at 09.30am on 1 December 2009 at the 
offices of College Hill, The Registry, Royal Mint Court, London, EC3N 4QN 
 
 
** Adjusted EBITDA excludes non-recurring expenses (including costs relating to 
the share placement) and share option costs. 
 
 
 
 
1 October 2009 
ENQUIRIES: 
 
 
+--------------------------------------+--------------------------------------+ 
| Silverdell plc                       | Tel: 020 7389 6827                   | 
+--------------------------------------+--------------------------------------+ 
| Stuart Doughty (Executive Chairman)  |                                      | 
| Ian Johnson (Group Financial         |                                      | 
| Director)                            |                                      | 
+--------------------------------------+--------------------------------------+ 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Collins Stewart Europe Ltd           | Tel: 020 7523 8350                   | 
+--------------------------------------+--------------------------------------+ 
| Hugh Field                           |                                      | 
+--------------------------------------+--------------------------------------+ 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| College Hill                         | Tel: 020 7457 2020                   | 
+--------------------------------------+--------------------------------------+ 
| Mark Garraway                        |                                      | 
| Adam Aljewicz                        |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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